CRIS Was up 19.86% on volume of 172,750 (more than 2x its daily average)
It reported that two independent studies showed that a human protein, called Sonic Hedgehog, restored nerve function after diabetes-induced nerve damage and could be of benefit on other types of nerve damage.
The studies were conducted in the labs at the UCL in San Diego and the Univ. of Manchester in the U.K
In the 1stQ of 2002, CRIS announced a realignment of its research and development programs and said it was to concentrate its resources on its signaling pathways and stem cell technologies,the Bone Morphogenic Protein (BMP) and the Hedgehog (Hh) family of product candidates.
The BMP proteins seem to play a role in the development and repair of bone and kidneys, and also in the repair mechanisms of the brain.
The BMP-7 protein appears to inhibit kidney inflammation and also stimulate the production of molecules that promote normal blood flow to the kidney.
The Hedgehog Family (Sonic, Desert and Indian)seem to play a key role in the formation, maintenance and repair of a number of tissues, including the nervous system and cartilage, as well as in the control of blood vessel formation.
Sonic Hh (SHh) has been shown to regulate blood vessel, central nervous system and hair development; Desert Hh has been shown to affect peripheral nervous system development and function; and Indian Hh has been shown to control the formation and growth of cartilage.
SHh has been shown to reduce behavioral impairment and dopaminergic nerve loss in preclinical models of Parkinson's Disease.
Previous to today's report,scientists in the U.K.,using rodent models of diabetic neuropathy have shown that SHh restores normal nerve function as measured by nerve conduction velocity.
CRIS has small molecule compounds that appear to mimic the effects of SHh and are potential drug candidates for Parkinson's and diabetic neuropathy and have the advantage of been able to be administered orallly..
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